Thursday, October 29, 2015


Farm Commodity Settlements/CME, October29/2015 Thursday

MARKETS: PRICE SUPPLY/DEMAND DURING RELATIVE STRENGTH TRADING
TRENDS:  LINES JOINING HIGHS WITH HIGHS+LOWS WITH LOWS = DIRECTION
TRADING: DAILY DIRECTION-ACTIVITY-MOMENTUM-PREVAILING STRENGTH/S,  
TARGETS: PROJECTED: PRICE OBJECTIVES OF TRADING, LENGTH OF MOVE
CORN: 30 CENT DAILY LIMIT    
TRENDS: PRICE UP  OPEN INTEREST UP-H16  VOLUME UP  WORLD STOCKS DOWN
TRADING: UP BUYING NEUTRAL TESTED CLOSED ABOVE TREND AS RESISTANCE
TARGETS: (353  384)  407  425  461  497        PREMIUM MARKET    HIGHER LOWS
NET TRADING: USER COVERED SHORT  NON USER SOLD SHORT+LESS MOMENTUM
SOYBEANS: 70 CENT DAILY TRADING LIMIT     
TRENDS: PRICE UP-LESS  OPEN INTEREST DOWN-X15  VOLUME DOWN WORLD STOCKS UP
TRADING: DOWN NET SELLING NEUTRAL TESTED CLOSED BELOW TREND AS SUPPORT 
TARGETS: (855  890)  916  937  978  1016      PREMIUM MARKET    LOWER HIGHS      
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT= FLAT MOMENTUM
WHEAT: 40 CENT DAILY LIMIT                                                       
TRENDS: PRICE UP  OPEN INTEREST FLAT-DOWN  VOLUME UP  WORLD STOCKS UP    
TRADING: UP NET BUYING DECELERATED BREAKOUT UPSIDE OF 503 TESTED CLOSED ABOVE 513
TARGETS: 464  (503  513) 532  546       PREMIUM MARKET     HIGHER LOWS 
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT=MORE MOMENTUM 
CANADIAN DOLLAR/USD: 4.00 DOLLAR DAILY LIMIT-   
TRENDS: PRICE UP-LESS=2ND REVISED  OPEN INTEREST FLAT  VOLUME DOWN 
TRADING: FLAT NET BUYING DECELERATED BOTH LOW+CLOSE ABOVE TREND AS SUPPORT      
TARGETS: 8090  7871  7793  7707  7650 ( 7579  7477)                     HIGHER LOW
NET TRADING: USER SOLD SHORT  NON USER COVERED SHORT
HEATING OIL (ULSD): 25 CENT DAILY LIMIT
TRENDS: PRICE UP-LESS-3RD REVISED  OPEN INTEREST DOWN  VOLUME DOWN
TRADING: FLAT SELLING DECELERATED MET RESISTANCE@OLD HIGH CLOSE BELOW-- 
TARGETS: (144 156)  165  172  186  200   HIGHER LOWS         -AND ABOVE TREND
NET TRADING: USER SOLD SHORT  NON USER BOUGHT LONG
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